OneConnect Financial Technology Co., Ltd. (OCFT)

OCFT Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue Revenue Growth	1,633	2,248	3,522	4,464	4,132	3,312
Revenue Growth	-47.38%	-36.16%	-21.11%	8.03%	24.76%	42.29%
Gross Profit Gross Profit Growth	487.88	804.5	1,326	1,635	1,437	1,243
Operating Income Operating Income Growth	-185.85	-180.54	-215.4	-727.25	-1,527	-1,819
Net Income Net Income Growth	-677.19	-459.68	-362.72	-872.27	-1,282	-1,354
Earnings Per Share EPS Growth	-0.62	-0.42	-0.33	-0.80	-1.16	-1.27
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cloud Services Platform Cloud Services Platform Growth	175.86	195.41	162.83	45.54	-
Operation Support Operation Support Growth	121.53	169.41	170.21	153.78	84.37
Implementation Implementation Growth	117.8	127.99	113.76	123.42	82.61
Risk Management Risk Management Growth	45.23	61.61	82.81	52.52	47.34
Interest and Commission Interest and Commission Growth	20.6	15.82	5.32	-	-
Business Origination Business Origination Growth	18.65	56.99	69.87	87.76	111.56
Post-implementation Support Post-implementation Support Growth	7.34	7.57	7.67	8.07	5.21
Other Other Growth	10.64	28.15	28.28	8.8	5.8

Cash & Debt

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Investments Cash & Investments Growth	1,468	2,403	3,158	3,832	3,953	5,084
Total Debt Total Debt Growth	48.66	43.57	357.33	469.97	970.15	2,418
Net Cash (Debt) Net Cash Growth	1,419	2,359	2,801	3,362	2,983	2,667
Net Cash Growth	-25.02%	-15.76%	-16.69%	12.71%	11.84%	-
Net Cash Per Share Net Cash Per Share Growth	1.30	2.17	2.57	3.07	2.69	2.50

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Cash Flow Operating Cash Flow Growth	-188.66	-276.85	-648.46	-745.98	-404.33	-704.15
Capital Expenditures CapEx Growth	-5.88	-6.11	-5.98	-22.07	-45.55	-17.06
Free Cash Flow Free Cash Flow Growth	-194.53	-282.96	-654.44	-768.05	-449.89	-721.2
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross Margin	29.87%	35.79%	37.65%	36.63%	34.77%	37.54%
Operating Margin	-11.38%	-8.03%	-6.12%	-16.29%	-36.96%	-54.90%
Pretax Margin	-15.24%	-11.09%	-5.97%	-22.18%	-34.91%	-46.83%
Profit Margin	-41.46%	-20.45%	-10.30%	-19.54%	-31.02%	-40.87%
FCF Margin	-11.91%	-12.59%	-18.58%	-17.21%	-10.89%	-21.77%

Valuation

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 5, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
PS Ratio	1.35	0.35	0.24	0.33	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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